What Is the Difference Between a Will and a Trust?

         Everyone has heard the terms will and trust, but not everyone knows the differences between the two. Both are useful estate planning tools, serving different purposes. They can work together to create a complete estate plan. Will vs Trust: When They Go Into Effect One main difference between a will and a trust is that a will goes […]

The Five Components of a Good Estate Plan

      Many people believe that their estate planning is complete if they have a will, but there is much more to a solid estate plan. A good plan should be designed to avoid probate, save on estate taxes, protect assets if you have to move into a nursing home and appoint someone to act for you […]

Understanding the Common Types of Trusts

A trust is a legal arrangement through which one person (or an institution, such as a bank or law firm), called a “trustee,” holds legal title to the property for another person, called a “beneficiary.” Trusts fall into two basic categories: testamentary and inter vivos. A testamentary trust is one created by your will, and […]